Saturday, January 19, 2013

Shah Deniz 2 revive Nabucco.

Shah Deniz 2   revive Nabucco.

 "Nabucco West" is designed to transport gas from the Caspian Sea via Bulgaria, Romania and Hungary to the Central European gas hub in Baumgarten and diversify gas supplies to more than 500 million potential customers in the South East and Western Europe.
 Shareholders in the project "Nabucco" are: OMV (Austria), FGSZ (Hungary), Transgaz (Romania), "Bulgarian Energy Holding" (Bulgaria), Botas (Turkey) and RWE (Germany).
The good news: "Shah Deniz 2" option has signed a shareholders 'pipeline' for further 50 percent stake in the project to build the pipeline.
 The "Nabucco" part and Bulgaria through state-owned Bulgarian Energy Holding. The other participants are the Austrian OMV, Turkey 'Botas' Romanian' Trasgaz "and Hungarian FGSZ.
Such an agreement "Shah Deniz 2" is already competitive with the "Nabucco" project - TAP (Trans-Adriatic Pipeline), which should begin from Turkey to go through to reach Greece and Italy. Expected to fall in the Azeri field shareholders ultimately decide which of the two projects will prefer to supply gas to Central Europe.
Agreement is to synchronize "Nabucco West" and "Shah Deniz 2" co-finance the costs of "Nabucco West" to the choice of European pipeline from "Shah Deniz".
Proposed to provide SOCAR, BP, Statoil and Total options to acquire 50% stake in the project and participate in the new shareholding structure of "Nabucco Gas Pipeline International" after positive selection pipeline "Nabucco West" the consortium "Shah Deniz".

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